Quindell non-exec celebrates Q4 success with share purchase

23rd Jan 2014 16:45

Vice Admiral Bob Cooling, who sits on the board of Quindell in a non-executive capacity, has continued to build his stake in the company just a week after it said it expected its profits to meet the upper end of market expectations for the full-year. The outsourcing company said Cooling had added 281,000 shares to his existing stake of 7m shares, spending a total of £59,713 on the purchase. After experiencing a strong fourth quarter, the company, which outsources to insurance and telecommunication sectors, predicted full-year adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of £131m, pre-tax profit of £128.8m and earnings per share of 2.4p. The Solutions Division contributed about one-third of the group's profit in the year, with a particularly strong cash generation profile.A record fourth quarter of revenue and profits also helped to boost annual profits. Top Director BuysQuindell (QPP) Director name: Mr Robert (Bob) CoolingAmount purchased: 281,000 @ 21.25p Value: £59,712Murray International Trust (MYI) Director name: Dr Kevin CarterAmount purchased: 5,000 @ 971.50p Value: £48,575Rolls-Royce Holdings (RR.) Director name: Mr James M GuyetteAmount purchased: 2,969 @ 1,287.36p Value: £38,222NR